GREENSBURG, Pa. - (10/20/04) -- Allegheny Energy has asked localofficials for a zoning change for a three-acre plot it owns here toallow its employees' credit union, Allegheny Energy FCU, to build anew headquarters office. The proposal would allow the credit unionto have its own stand-alone offices, separate from its maincorporate sponsor. Officials with the corporate sponsor said thecompany needs more space at its offices here now that sponsor hasmoved its corporate headquarters here from Hagerstown, Md. Theproposed zoning change, from general residential district toneighborhood shopping district, will allow the $60 million creditunion to build a 5,482 square-foot office.
-
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
3h ago -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
3h ago -
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
4h ago -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
5h ago -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
6h ago -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
7h ago